Following a more than 80-per-cent drop in the price of lithium compounds in 2023, National Bank analyst Mohamed Sidibé remains “cautious” on the sector in the near term despite the “slight” improvement seen thus far this year, however he remains bullish over the longer term
“As part of our supply/demand analysis, we have reviewed 74 per cent of new supply expected to come online in the next seven years per Argus Battery Materials and aligned estimates to technical reports and our assumptions.”Analyst: “We ascribe a Speculative risk rating given the company’s current status as an exploration/development company, where several de-risking initiatives including further permitting, funding and development milestones are to be achieved prior to generating positive FCF.
“Our discount rate reduction reflects the BoC rate cut , improved investor sentiment and expectations of one additional cut this year,” he said. In a research report released Thursday, Mr. Poirier reiterated his bullish stance for the Montreal-based company, pointing to recent credit rating upgrades from both S&P and Moody’s and positive industry feedback on the business jet cycle.
He initiated coverage of the Vancouver-based development company with a “buy” recommendation on Thursday, expecting the mine to commence production in the first half of 2026 after it secures a construction financing package.
Source: News Formal (newsformal.com)
Company Target Capex Gold Demand Average Production Bombardier Inc. National Bank IAG
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